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U.S. Luxury Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies68
  • 7D-0.7%
  • 3M0.3%
  • 1Y-2.2%
  • YTD-10.0%

The Luxury industry has been flat over the last week, but NIKE has lost 4.4%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the U.S. Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026US$245.8bUS$156.7bUS$8.7b23.6x28.2x1.6x
Thu, 21 May 2026US$222.5bUS$157.2bUS$7.4b21.3x30.2x1.4x
Sat, 18 Apr 2026US$247.6bUS$155.8bUS$7.1b20.1x35.1x1.6x
Mon, 16 Mar 2026US$244.6bUS$155.1bUS$7.8b19x31.6x1.6x
Wed, 11 Feb 2026US$276.0bUS$154.4bUS$7.9b21.2x34.8x1.8x
Fri, 09 Jan 2026US$273.7bUS$149.5bUS$9.1b21.2x30.2x1.8x
Sun, 07 Dec 2025US$272.6bUS$149.2bUS$9.5b21.5x28.6x1.8x
Tue, 04 Nov 2025US$249.9bUS$148.3bUS$9.5b19.3x26.2x1.7x
Thu, 02 Oct 2025US$268.6bUS$148.1bUS$9.6b21.2x28x1.8x
Sat, 30 Aug 2025US$298.5bUS$157.3bUS$10.6b20.5x28.1x1.9x
Mon, 28 Jul 2025US$299.8bUS$160.4bUS$10.3b17.5x29x1.9x
Wed, 25 Jun 2025US$268.2bUS$161.6bUS$11.6b15.7x23.2x1.7x
Fri, 23 May 2025US$283.7bUS$161.2bUS$11.9b18.1x23.9x1.8x
Sun, 20 Apr 2025US$235.6bUS$161.7bUS$11.4b15.1x20.7x1.5x
Tue, 18 Mar 2025US$283.4bUS$162.2bUS$11.6b16.9x24.5x1.7x
Thu, 13 Feb 2025US$319.9bUS$161.5bUS$11.1b18x28.8x2x
Sat, 11 Jan 2025US$329.6bUS$160.5bUS$11.5b18x28.8x2.1x
Mon, 09 Dec 2024US$337.1bUS$161.8bUS$11.8b19.5x28.6x2.1x
Wed, 06 Nov 2024US$301.4bUS$161.9bUS$11.6b18.4x25.9x1.9x
Fri, 04 Oct 2024US$309.7bUS$161.6bUS$10.7b19.4x28.8x1.9x
Sun, 01 Sep 2024US$303.9bUS$163.0bUS$11.2b18x27.1x1.9x
Tue, 30 Jul 2024US$282.6bUS$168.6bUS$11.3b17.8x24.9x1.7x
Thu, 27 Jun 2024US$331.8bUS$168.1bUS$10.8b18.5x30.7x2x
Sat, 25 May 2024US$319.8bUS$168.2bUS$11.2b19.3x28.6x1.9x
Mon, 22 Apr 2024US$312.6bUS$164.4bUS$11.5b17.7x27.1x1.9x
Wed, 20 Mar 2024US$349.0bUS$164.3bUS$11.1b17.6x31.5x2.1x
Fri, 16 Feb 2024US$353.5bUS$158.9bUS$10.4b19.3x34.1x2.2x
Sun, 14 Jan 2024US$342.0bUS$159.4bUS$11.0b17.9x31x2.1x
Tue, 12 Dec 2023US$365.4bUS$159.2bUS$10.8b16.9x33.9x2.3x
Thu, 09 Nov 2023US$326.4bUS$159.0bUS$10.4b15.5x31.5x2.1x
Sat, 07 Oct 2023US$289.2bUS$157.0bUS$10.4b14.2x27.9x1.8x
Mon, 04 Sep 2023US$311.9bUS$156.7bUS$10.5b14.2x29.7x2x
Wed, 02 Aug 2023US$326.1bUS$156.9bUS$10.9b13.9x30x2.1x
Fri, 30 Jun 2023US$325.0bUS$155.6bUS$11.2b12.4x29x2.1x
Price to Earnings Ratio

29x


Total Market Cap: US$325.0bTotal Earnings: US$11.2bTotal Revenue: US$155.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.7x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have declined 8.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Discretionary industry?

US Market1.40%
Consumer Discretionary0.55%
Luxury-0.75%
Textiles1.58%
Footwear-0.66%
Apparel, Accessories and Luxury Goods-0.82%
Industry PE
  • Investors are most optimistic about the Footwear industry, which is trading close to its 3-year average PE ratio of 27.1x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 13.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 113% over the next 5 years.
  • In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AS Amer SportsUS$36.832.6%
+US$546.9m		-0.8%PE46.8x
ONON On HoldingUS$38.880.5%
+US$62.9m		-26.7%PE41.5x
RL Ralph LaurenUS$413.010.2%
+US$38.7m		52.7%PE26.1x
MOV Movado GroupUS$38.463.6%
+US$29.3m		154.5%PE26.7x
CRI Carter'sUS$42.541.8%
+US$27.3m		40.1%PE17.8x

Latest News

ONON
US$38.88
On Holding
7D
0.5%
1Y
-26.7%
Seeking Alpha • 15h

On Holding: Relentless Innovation Warrants A Strong Buy

Summary On Holding is transitioning from a pure running brand to a luxury lifestyle brand, expanding its TAM and reinforcing premium pricing power. ONON's moat is driven by innovation—LightSpray and SURREAL Superfoam technologies—enabling margin expansion and brand differentiation, with Q1 2026 gross margin reaching 64%. Q1 2026 results showed 26% YoY revenue growth and operating margin expansion to 14.1%, with management prioritizing premium brand value over volume. I assign a 'Strong Buy' rating, targeting $75.60–$97.20 (95–150% upside), supported by robust growth, innovation, and premium valuation relative to peers. Read the full article on Seeking Alpha
VNCE
US$7.10
Vince Holding
7D
41.7%
1Y
429.9%
UAA
US$6.06
Under Armour
7D
0.7%
1Y
-11.8%
Analysis Article • Jun 20

Under Armour (UAA) Stock Could Be 21.6% Undervalued After Portland Office Reshuffle

Under Armour (UAA) is reshaping its footprint, closing its current Portland, Oregon, office while shifting some functions to Baltimore, New York, and a new Portland space in a move focused on key business hubs. See our latest analysis for Under Armour. The latest office changes come as Under Armour’s recent share price performance has been mixed, with a 1 month share price return of 13.91% and year to date share price return of 14.56%. Over the same period, the 1 year total shareholder return...
RL
US$413.01
Ralph Lauren
7D
0.2%
1Y
52.7%
AS
US$36.83
Amer Sports
7D
2.6%
1Y
-0.8%
Analysis Article • Jun 19

Amer Sports (AS) Stock Could Be 26% Undervalued After Its Q1 2026 Earnings Beat

Amer Sports (AS) is back in focus after reporting first quarter 2026 results that exceeded expectations on revenue, adjusted margins, and earnings per share, highlighting the performance of Salomon apparel and Arc’teryx’s omnichannel operations. See our latest analysis for Amer Sports. The stronger first quarter has been followed by a clear pickup in momentum for Amer Sports, with a 1-day share price return of 4.93%, 30-day share price return of 8.87%, and 90-day share price return of 19.81%...
VFC
US$17.33
V.F
7D
-3.6%
1Y
51.0%
Analysis Article • Jun 19

V.F (VFC) Stock Could Be 14.2% Undervalued As Lower Oil Costs Aid Margins

Recent oil price declines and the planned reopening of the Strait of Hormuz have created a cheaper freight and input cost backdrop for V.F (VFC) as it locks in key autumn and winter orders. See our latest analysis for V.F. At a share price of $17.33, V.F has seen a 6.45% 90 day share price return, while the year to date share price return is down 4.57% and the 1 year total shareholder return is 50.55%. This suggests recent momentum has improved from a weaker multi year picture, where the 5...
DECK
US$109.11
Deckers Outdoor
7D
-3.0%
1Y
8.6%
Analysis Article • Jun 19

Deckers Outdoor (DECK) Stock Could Be 14% Undervalued After Ugg Patent Verdict

A recent federal jury decision that invalidated Deckers Outdoor (DECK) design patent on the Ugg Ultra Mini Boot, while still finding a competitor’s product infringing, has sharpened investor focus on the stock’s legal and earnings outlook. See our latest analysis for Deckers Outdoor. Deckers Outdoor shares have been volatile around the legal headlines and upcoming earnings, with a 1-month share price return of 15.74% and a 1-year total shareholder return of 8.03% indicating that momentum has...
LEVI
US$23.70
Levi Strauss
7D
-1.5%
1Y
31.6%
Analysis Article • Jun 18

Levi Strauss (LEVI) Stock Could Be 12.2% Undervalued After Revenue Beat

Levi Strauss (LEVI) stock has been in focus after quarterly results showed 14.1% year on year revenue growth, beating analyst expectations by 5.6% and coinciding with a 22.3% share price move since the report. See our latest analysis for Levi Strauss. Beyond the immediate reaction to earnings, Levi Strauss shares have gained 14.05% over the past 30 days and 32.18% over 90 days, while a 38.13% 1 year total shareholder return suggests momentum has been building, even as the recent resignation...
CRI
US$42.54
Carter's
7D
1.8%
1Y
40.1%
Narrative Update • Jun 18

CRI: Earnings Beat And New CEO Will Shape Steady Fair Value

Analysts have raised their price target for Carter's stock by $2.00 to $42.67, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News for Carter's Carter's reported first quarter revenue up 8.1% year over year, beating analyst expectations by 3.2%, and also exceeded EPS estimates, with the stock rising 28.3% after the release, according to recent earnings coverage.
BIRD
US$5.97
Smartbird
7D
55.5%
1Y
-39.7%
LULU
US$111.77
lululemon athletica
7D
-3.8%
1Y
-50.4%
Narrative Update • Jun 17

LULU: Brand And Product Reset Under New CEO Will Pressure Stock

Analysts reduced the updated fair value estimate for lululemon athletica stock to $88 from $130, reflecting a broad reset in price targets. They point to weaker U.S. trends, softer product reception, ongoing margin pressure, and uncertainty around the company's near term earnings path despite an eventual leadership transition.
TPR
US$143.50
Tapestry
7D
-5.0%
1Y
67.3%
Narrative Update • Jun 16

TPR: International Expansion And AI Adoption Will Support Higher Future P/E Multiple

For Tapestry, the analyst price target has been adjusted from $200 to $205, with analysts pointing to slightly higher margin expectations and a modestly higher future P/E assumption as key drivers of the change. Analyst Commentary Recent research highlights a constructive tone around Tapestry, with several bullish analysts adjusting their outlooks and price targets in response to company updates and meetings with management.
BIRK
US$46.11
Birkenstock Holding
7D
-3.8%
1Y
-11.6%
PVH
US$77.07
PVH
7D
-7.4%
1Y
21.8%
MOV
US$38.46
Movado Group
7D
3.6%
1Y
154.5%
ZGN
US$13.87
Ermenegildo Zegna
7D
-6.1%
1Y
58.7%
Narrative Update • Jun 06

ZGN: Fair Value Views Will Reflect Vertically Integrated Margins And P/E Expectations

Narrative Update Overview Analysts have lifted their price targets on Ermenegildo Zegna, including one move from $13 to $15, citing improving fundamentals supported by a durable, vertically integrated core business; stabilization at Tom Ford and Thom Browne; and better earnings visibility as wholesale rationalization moderates and direct to consumer momentum continues. Analyst Commentary Recent research points to a more constructive tone around Ermenegildo Zegna, with price targets referenced at around US$15, up from about US$13, tied to views on the business model and earnings visibility.